Assume That Katie Has the Preferences Shown in the Above

question 344

Multiple Choice

Assume that Katie has the preferences shown in the above table. Also assume that the price of a can of Pepsi is $3.00 and that the price of a slice of pizza is $1.00. If he has $16 available to spend, what combination of Pepsi and pizza will be her consumer optimum?

• A) 4 cans of Pepsi, 1 slice of pizza
• B) 3 cans of Pepsi, 2 slices of pizza
• C) 2 cans of Pepsi, 4 slices of pizza
• D) 4 cans of Pepsi, 4 slices of pizza

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Definitions:

Parenting Style

The emotional climate and strategies employed by parents in raising their children, including authoritative, authoritarian, permissive, and uninvolved styles.

Laissez-faire

An economic theory or policy approach that advocates for minimal government intervention in the free market, allowing businesses and individuals to operate with little regulatory oversight.

Authoritative

A leadership or parenting style characterized by high responsiveness and high demands; promoting independence while maintaining limits.

Pubertal Delay

A condition characterized by a delayed onset of puberty, marked by the absence of developmental changes at the expected age.